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Roku (NASDAQ:ROKU) shares jumped more than 11% on Thursday, and closed the week up 30%, after the company reported a Q4 beat and better-than-expected guidance as a rebound in streaming demand led to increased user growth despite a slowdown in advertising spend.
Q4 EPS was ($1.70), better than the consensus of ($1.72), while revenue came in at $867.1 million, compared to the consensus estimate of $802.12M.
Active accounts rose 2.3M to 65.4M in Q4 as streaming hours increased 21% to 21.9 billion hours. The average revenue per user (ARPU) increased 10% year-over-year to $44.25.
According to the company, this growth was driven primarily by TV sales in both U.S. and international markets, as well as better retention of active accounts.
For Q1, the company expects total net revenue of roughly $700M, better than the consensus estimate of $690M.
Following the results, BofA Securities upgraded the stock to Buy from Underperform and raised its price target to $85.00 from $45.00, noting that the fundamentals for the company are bottoming out and it is on the path to revenue and margin improvement.
Cisco Systems (NASDAQ:CSCO) shares gained more than 5% on Thursday after the company reported its Q2 results, with EPS coming in at $0.88, better than the consensus estimate of $0.85. Revenue increased 7% year-over-year to $13.6B, beating the consensus estimate of $13.41B.
For Q3/23, management expects EPS in the range of $0.96-$0.98, better than the consensus of $0.89. Revenue growth is expected in the range of 11%-13% year-over-year.
For the full year, management expects EPS in the range of $3.73-$3.78, better than the consensus of $3.55. Revenue growth is expected in the range of 9%-10.5% year-over-year.
Furthermore, the company hiked its dividend by 3% to $0.39 per common share, which will be paid on April 26, 2023, to all stockholders of record as of the close of business on April 5, 2023.
Shares rose more than 7% last week.
Coca-Cola (NYSE:KO) reported its Q4 results on Tuesday, with in-line EPS/revenue of $0.45/$10.1B. Average selling prices increased 12% while unit case volumes fell 1%.
The company offered better-than-expected guidance, expecting organic revenue growth of 7-8% and comparable EPS growth of 4-5%, versus the consensus estimate of 2.96% growth.
The company hiked its dividend by 4.5% to $0.46 per share, or $1.84 annualized, for an annual yield of 3.1%.
Dropbox (NASDAQ:DBX) shares dropped more than 11% on Friday after the company’s reported Q4 results that beat expectations but also raised alarms.
Q4 revenue grew 5.9% year-over-year (up 9.2% on a constant currency basis) to $598.8M, better than the consensus estimate of $594.04M. EPS came in at $0.40, in line with consensus estimates, boosted by the company’s share buyback program.
The company expects Q1/23 revenue of $600M-$603M and full-year revenue of $2.475B-$2.49B. Both numbers beat the Street expectations, but the company benefited both in Q4 and in its guidance from the recent acquisition of Formswift.
Management also provided its guidance for free cash flow, expecting $825M-$855M for 2023, though they at least raised questions about whether they could hit their long-term guidance of $1B in free cash flow for 2024, citing a combined headwind from FX and R&D legislation of over $75M since they issued that guidance.
Twilio (NYSE:TWLO) shares surged more than 14% on Thursday after the company delivered a Q4 beat and better-than-expected profit guidance.
Q4 EPS of $0.22 and revenue of $1.02B came in better than the consensus estimate of ($0.08) and $1B, respectively.
For Q1/23, the company expects EPS of $0.18-$0.22, better than the consensus of $0.01, and revenue of $995M-$1,005M, compared to the consensus of $1,020M.
The company also announced a $1B share buyback program.
Shares closed the week with more than a 17% gain.
AutoNation (NYSE:AN) shares surged more than 11% on Friday following the company’s reported Q4 results, with both EPS and revenues coming in better than expected.
The revenue beat was driven by higher average selling prices of vehicles, increased new vehicle unit sales, and continued growth in after-sales, more than offsetting the company’s lower used vehicle unit sales.
